$1,369,000 FOR SALE

Triplex

Bedrooms: 4Bathrooms: 1Lot: 55.92 x 99.83 ft

403 Peach Tree Lane
Ottawa, ON K1K 2R7

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning anddrawings for three additional bachelor units have been completed. The flat roof allows you to easily convert theproperty into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on themain level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional$275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rateof 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided forthose interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs irrevocable on all offers; as per form 244. (id:47423)

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Listed By RARE REAL ESTATE INC.
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X10418773
Last Updated Dec 13, 2024
Property Summary
Property Type Triplex

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Price History
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Detailed Information
Bedrooms 4
Bathrooms 1
Lot 55.92 x 99.83 ft
Amenities Nearby Public Transit, Park
Listing Contract Date 2024-11-01
Location Description St. Laurent to Karen Way to Peach Tree Lane.
# of Parking Spaces 5
Property Type Single Family
Transaction Type For sale
Zoning Description RU4A
Building
Basement Development Finished
Basement Type Full (Finished)
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Baseboard heaters
Type Triplex
Utility Water Municipal water
Land
Total Size 55.94 x 99.87 FT ; 0
Amenities Public Transit, Park
Fence Type Fenced yard
Sewer Sanitary sewer
Size of Irregular Land 55.94 x 99.87 FT ; 0

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